Lassonde Industries (TSE:LAS.A) Reaches New 52-Week High – Here’s What Happened

Shares of Lassonde Industries Inc (TSE:LAS.A) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$246.00 and last traded at C$246.00, with a volume of 1314 shares traded. The stock had previously closed at C$241.50.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their target price on shares of Lassonde Industries from C$255.00 to C$265.00 in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Lassonde Industries presently has a consensus rating of “Moderate Buy” and an average price target of C$249.25.

Lassonde Industries Stock Performance

The company’s 50-day simple moving average is C$224.15 and its 200-day simple moving average is C$220.19. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 13.44 and a beta of -0.71. The company has a current ratio of 1.78, a quick ratio of 0.55 and a debt-to-equity ratio of 19.88.

Lassonde Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 13th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 20th. Lassonde Industries’s dividend payout ratio (DPR) is currently 23.88%.

Lassonde Industries Company Profile

Lassonde Industries Inc is engaged in the development, manufacturing, and marketing of ready-to-drink fruit and vegetable juices and drinks. It also acts as a producer of store brand shelf-stable fruit juices and drinks in the United States and a major producer of cranberry sauces. The company operates through a single segment being the development, manufacturing, and marketing of a wide range of ready-to-drink juices and drinks; frozen juice concentrates; and specialty food products; and the importation, packaging, and marketing of selected wines from several countries of origin.